Green Bay Packers Ownership: By the Fans

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Green Bay Packers Ownership: By the Fans

The letter was waiting for me on the kitchen counter when I got home from work.

With the Green Bay Packers logo as the return address, I knew what it was. No, Ted Thompson was not reaching out to me in his quest for more fullbacks, but in fact, Packers President Mark Murphy was making a request of me.

Mark Murphy wants my vote.

I am a Green Bay Packers shareholder, one of 112,120 people who can make that claim.

Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value, and there are no season-ticket privileges associated with stock ownership (damn).

While my rights as a stockholder are very limited, I do have a vote in the election of the Board of Directors.

And that’s what the letter is about.

The bold green type on the outside of the envelope implores me to “Embrace your membership and VOTE. It’s your obligation.”

Since the Packers were converted to a non-profit corporation in 1923, there have been four stock sales...

You can read the rest of this article on Jersey Al's Packers Blog ...

 

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